Tag: Christine Lagarde

Saturday, September 1st 2018 - 09:27 UTC
S&P places Argentina credit ratings under review

S&P said on Friday it may lower Argentina's long-term foreign currency rating from its current B+ grade, which is four notches below investment grade -- and on par with Turkey, Greece and Fiji. The ratings company cited the risk of worsening creditworthiness and exchange rate volatility as potential threats to the economic adjustment measures undertaken by Mauricio Macri’s administration.
Saturday, September 1st 2018 - 07:46 UTC
IMF strong support helps stabilize Argentine Peso; Macri preparing new economic package

Argentina’s beleaguered peso stabilized on Friday as the central bank said it would auction a large amount of dollar reserves, and the International Monetary Fund (IMF) issued a strong statement of support for President Mauricio Macri’s government.
Tuesday, July 24th 2018 - 05:30 UTC
IMF's Lagarde forced to return to Buenos Aires

An American Airlines flight carrying International Monetary Fund Managing Director Christine Lagarde made an emergency landing in Argentina shortly after taking off from Buenos Aires’ Ezeiza airport on Sunday, several local media outlets reported.
Tuesday, July 24th 2018 - 04:28 UTC
IMF underlined financial pressures risks for vulnerable emerging economies

The IMF urged that trade conflicts be resolved via international cooperation, without resorting to exceptional measures, and underlined the world economy is facing increasing risks especially financial pressures in vulnerable emerging economies and the return of sovereign risks in parts of the Euro area.
Monday, July 23rd 2018 - 07:15 UTC
Top grades for Macri and his reform policies from IMF's Lagarde

Christine Lagarde, Managing Director of the International Monetary Fund, met with Argentina’s President Mauricio Macri, Finance Minister Nicolas Dujovne and Central Bank Governor Luis Caputo in the context of the Group of 20 Finance Ministers and Central Bank Governors meeting in Buenos Aires over the weekend.
Saturday, July 21st 2018 - 07:05 UTC
Global trade conflicts and protectionism in G20'agenda meeting in Buenos Aires

Global trade conflicts triggered by the protectionist policies of US President Donald Trump are set to dominate this weekend's meeting of Group of 20 finance ministers in Buenos Aires.
Thursday, June 21st 2018 - 08:03 UTC
IMF Executive Board approves US$50bn Stand-By Arrangement for Argentina

The Executive Board of the International Monetary Fund (IMF) approved on Wednesday a three-year Stand-By Arrangement (SBA) for Argentina amounting to US$50 billion (equivalent to SDR 35.379 billion, or about 1,110 percent of Argentina’s quota in the IMF).
Friday, June 15th 2018 - 10:25 UTC
IMF report warns Trump administration on trade, tariffs and budget deficits

The International Monetary Fund said on Thursday that tax cuts will help fuel the U.S. economy this year and next. But it warned that growth after that will slide to levels just half of what the Trump administration is forecasting.
Thursday, June 14th 2018 - 22:14 UTC
IMF's Lagarde welcomes Argentina government’s economic policy plans

Argentine authorities have asked to use US$7.5 billion of the US$50 billion financing deal signed with the International Monetary Fund to fund their budget, IMF Managing Director Christine Lagarde said in a statement. Argentina’s Finance Ministry said in a separate statement that the funds would be sold on the market through pre-announced daily auctions conducted by the central bank.
Friday, June 8th 2018 - 07:30 UTC
IMF and Argentina agree on a 36-month US$ 50bn Stand-By Arrangement

The Argentine authorities and IMF staff have reached an agreement on a 36-month Stand-By Arrangement (SBA) amounting to US$50 billion (equivalent to about SDR 35.379 billion or about 1,110% of Argentina’s quota in the IMF). This staff-level agreement will be subject to approval by the IMF’s Executive Board, which will consider Argentina’s economic plan in the coming days.